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An Investigation Of Changes In Contributions Of State Lotteries To Education Over Time, Andrea Lee Parker
An Investigation Of Changes In Contributions Of State Lotteries To Education Over Time, Andrea Lee Parker
Inquiry: The University of Arkansas Undergraduate Research Journal
Arkansas is one of many states in this country that is experiencing an education funding crisis. Despite the fact that states have started taking more responsibility for the funding of their public schools since the mid-1950s, litigation over education funding has occurred in almost every state in the United States. Litigation in Arkansas began in the 1980s and continues today with the Lake View case. Several alternatives have been proposed to reform the state's education system and its methods of funding, including school consolidation, raising taxes, and adopting an education-supporting lottery. Lotteries have become very popular revenue raising mechanisms in …
Sec Enforcement Actions: An Analysis Of Economic Determinants Of Restatements, Rivka Berman
Sec Enforcement Actions: An Analysis Of Economic Determinants Of Restatements, Rivka Berman
Inquiry: The University of Arkansas Undergraduate Research Journal
This paper investigates the economic determinants of restatements, focusing on companies that were the object of an SEC Enforcement Action. A sample of 30 restatement firms is matched with 30 non-restatement firms in the same industry and same business and with a similar size as measured by assets. It was found that the use of a Big 5 audit firm reduces the incidence of restatement. More specifically, use of Ernst & Young as a Big 5 audit firm significantly reduces the possibility of restatement. Variables testing debt to equity ratio, proportion of management ownership and proportion of blockholder ownership as …